Financial Resources & News

Financial Misadvice: Common mistakes and assumptions used by Financial Advisors (Part 1: Return Assumptions)

(This is the first article in a four-part series) By:  Henry VanBuskirk, CFP®, Wealth Manager Let me just start off and say that nobody’s perfect or infallible (including BFSG).  As a wise man once said, “To Err is Human, to Forgive is Divine”. It is one thing to make a mistake, but another to learn from it. We pride ourselves on working to avoid pitfalls and always being eager to...

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8 Exit Strategies for Business Owners

By:  Paul Horn, CFP®, CPWA®, Senior Financial Planner Small business owners are the backbone of our economy and employ 48% of today’s workforce. Being a business owner is difficult and finding the right help can be even more challenging. Every business owner at some point will need to carefully consider how they plan to exit the business. Below are the eight most common ways for an owner to exit...

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California Tax Update: Storm victims qualify for tax relief

By:  Henry VanBuskirk, CFP®, Wealth Manager Our thoughts go out to the victims of the recent California storms, and we hope that you and your family are safe. The IRS has declared the following counties to be within a federally declared disaster area and eligible for tax relief. Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa,...

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College Cost Data for 2022-2023 School Year

Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20 years, the average price for tuition, fees, and room and board has increased 46% at public colleges and 30% at private colleges over and above increases in the Consumer...

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Monthly Market Update (December): 3 Things You Need to Know

2022 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an 'Annus Horribilis'. May the New Year 2023 be more prosperous. Here are 3 things you need to know: The S&P 500 index was off (-19.4%), the worst yearly decline since 2008.Long-term treasuries were down (-30%) as interest rates rose the...

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Employee Stock Purchase Plans (Part 3)

By:  Paul Horn, CFP®, CPWA®, Senior Financial Planner As the final part of the series, we look at Employee Stock Purchase Plans (ESPP). Although these are not explicitly for executives, this is an important benefit that is not well understood and often underutilized. In case you missed Part 1 on Deferred Comp plans and Part 2 on Stock Options, read here and here, respectively. Employee Stock...

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The ABCs of RSUs, NSOs, and ISOs (Part 2)

By:  Paul Horn, CFP®, CPWA®, Senior Financial Planner In the first part of this series, we reviewed deferred compensation plans. This week we are looking at stock options. Stock Options There are 3 basic forms of stock options that we will review today. We will look at them from most to least common: Restricted Stock Units (RSUs) Restricted Stock Units (RSUs) are the most common form of stock...

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Understanding Executive Compensation: Deferred Compensation (Part 1)

By:  Paul Horn, CFP®, CPWA®, Senior Financial Planner You’ve likely daydreamed about the future. A future where you spend the weekend relaxing in front of the lake, and your grandkids run while you open a bottle of fine wine. Reducing preoccupations and enjoying the small details in life come from hard work and dedication. Undeniably, money buys necessities and luxuries in life. Though somewhat...

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Tis the Season for Tax-Friendly Giving Strategies

You may donate money to charitable organizations throughout the year, for no other reason than your heart-felt desire to support causes that you care about. But if philanthropy is important to you, keep in mind that the associated tax breaks could potentially increase your ability to give. You might consider a more strategic approach to charitable giving, possibly as part of your year-end tax...

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What is the Biggest Enemy of Your Retirement?

By:  Henry VanBuskirk, CFP®, Wealth Manager When you google “Biggest Enemy of Retirement” you will get around 20 million results with answers such as (1) inflation, (2) lower interest rates, (3) higher interest rates, (4) procrastination, (5) taxes, (6) overspending, (7) whatever politician a talking head doesn’t like that day and (8) you.  The answers to your questions, “I’ve saved...

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Directed Trusts: A Powerful Estate Planning Solution

A trust is a fiduciary arrangement that allows a third party or trustee to execute fiduciary functions on behalf of the beneficiaries. Under the traditional trust model, a trust names one trustee (or co-trustees) to oversee the investment management, coordinate trust distributions and perform all administrative responsibilities of the trust. In this model, nearly all decisions surrounding the...

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Student Loan Repayment Delayed Again to Future Date in 2023

The Biden administration has announced another extension for repayment of federal student loans to an unspecified date in 2023 due to legal challenges that have blocked implementation of the student loan debt relief program. The previous payment moratorium was set to expire on December 31, 2022. Under the new extension, student loan payments will resume 60 days after the student loan debt relief...

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Save on Taxes: Year-End Investment Decisions

As we wrap up 2022, it’s important to take a closer look at any year-end investment decisions that could result in substantial tax savings. In terms of investment planning, investing in capital assets may increase your ability to time the recognition of some of your income and may help you to take advantage of tax rates that are lower than the ordinary income tax rates. You have the flexibility...

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Ambiguity Aversion

This short video discusses ambiguity aversion, just one of the many biases and habits that lead to poor investing decisions. Why do we typically choose known outcomes over the unknown, even if the unknown has significantly more upside? BFSG Shorts: Ambiguity Aversion Disclosure: BFSG does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or...

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Monthly Market Update (November): 3 Things You Need to Know

Christmas came early this year for the markets. The idea that falling inflation could mean that the end to the rate hiking cycle is not far off gave both stocks and bonds a boost. Here are 3 things you need to know: The October consumer price index (CPI) showed prices rose 7.7% from a year ago and 0.4% from the prior month, according to the Labor Department, both below expectations. Prices of...

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